Portal:Energy/Selected biography/12
Sheikh Ahmed Zaki Yamani (born 1930) was Saudi Arabia's Minister of Oil (Petroleum) and Mineral Resources from 1962 until 1986, and a minister in OPEC for 25 years. He is best known for his role in the 1973 oil crisis, when OPEC quadrupled the price of crude oil.
Yamani gained a degree from Harvard Law School and a master's in Comparative Jurisprudence from New York University. After working in the Saudi Ministry of Finance, in 1958 he became a legal advisor to Faisal, then Crown Prince and Prime Minister, until Faisal's resignation in 1960. After Faisal's return to government, in 1962 Yamani replaced Abdallah Tariki as Oil Minister, playing an important role in the development of OPEC. During the 1967 Arab–Israeli War Yamani spoke against the use of an Arab oil embargo. The following year he led the founding of the Organization of Arab Petroleum Exporting Countries.
When Arab–Israeli hostilities resumed with the 1973 Yom Kippur War, the pressure to join the other Arab states, who wished to use oil to change the apparent pro-Israeli policy of the United States government, was irresistible. Yamani's proposal of increasing monthly cuts in production was accepted and, together with a later embargo against the US and the Netherlands and a quadrupling of the oil price, severely affected the economies of all western nations. Despite this, by resisting more extreme proposals Yamani became increasingly seen as pro-American in the Arab world.